TrackNet Secures Series A Investment To Develop and Deploy IoT
Solutions

LoRa Alliance Members Minol Zenner Group and Gemtek Strategically
Invest in Founding Team with Extensive LoRa Expertise

January 18, 2017 08:06 AM Eastern Standard Time

SUNNYVALE, Calif.--(BUSINESS WIRE)--TrackNet, Inc., a cutting-edge LoRaWAN Internet of Things (IoT)
solutions provider for consumer and industry, today announces a $7
million Series A investment from Minol Zenner Group and Gemtek
Corporation.

TrackNet will use the funds to develop complete end-to-end consumer,
tracking, and facility management IoT solutions with unparalleled
scalability to enable a new era of solutions for a more sustainable
world. The company is headquartered in Rapperswil, Switzerland, with an
office in Sunnyvale, CA.

TrackNet is created by a founding team of experts from Semtech, IBM, and
Cisco who played critical roles in bringing LoRa LPWAN technology to
market and built the ecosystem that became the foundation of the LoRa
Alliance, the fastest growing technology alliance in IoT. TrackNet will
unveil its first complete LoRa solution at Mobile World Congress (MWC)
in Barcelona February 27 through March 2.

LPWAN is expected to make up the volume of connected devices and growth
for the Internet of Things. LoRa is the leading technology in the LPWAN
space due to its long-range capabilities and ability to create low cost,
long battery life sensors. With low cost in-building and in-home hubs or
gateways, LoRa also has significant advantages in minimizing network
deployment costs and for usage in enterprise solutions. TrackNet is a
member of the LoRa Alliance which is ensuring interoperable LoRaWAN
networks and certified devices that can be utilized globally.

Gemtek is a leading original equipment manufacturer (OEM) for
telecommunications equipment and is developing a variety of LoRa
products. “We invested in TrackNet due to the expertise the founding
team brings and scalability of its business model,” said Howard Chen,
CEO of Gemtek. “We expect significant growth in the LPWAN market over
the next few years and want to align our products and investments to
capitalize on this growth.”

Minnol Zenner Group is a leader in the global smart meter and
sub-metering markets. “We plan to utilize TrackNet solutions to
transform our metering business and enable new business models,” said
Alexander Lehmann, CEO and Chairman of Minol Zenner Group. “We believe
LPWAN will enable many different high-volume use cases in consumer and
industry to create a more sustainable world.”

To learn more about TrackNet or to schedule a meeting at Mobile World
Congress for the unveiling of TrackNet solutions contact, sales@tracknet.io.
For more about TrackNet visit www.tracknet.io.

About TrackNet

TrackNet provides highly scalable LoRaWAN IoT solutions for consumers
and industry, focusing on ease of use and unparalleled scalability to
enable a new era of exponentially growing LPWAN deployments for a
sustainable world. TrackNet is developing end-to-end solutions including
sensors, gateways, and apps with optimized user experience for targeted
LPWAN and IoT applications. The company is a contributing member of the
LoRa Alliance and the TrackNet team has been instrumental in specifying,
building, and establishing LoRaWAN and the LoRa Alliance for more than
five years. It has been brought to life by former Semtech and IBM
employees with cumulated decades of real-world experience in embedded
and RF systems, wireless networks, network management, end-to-end
security, and solutions development for the whole spectrum from
small-scale private networks to carrier-grade deployments. TrackNet has
offices in Switzerland and California, USA and is looking to build a
talented, passionate team to realize IoT and LPWAN applications. More
information is at www.tracknet.io.

About Minol Zenner Group

The family-run Minol-ZENNER Group produces and markets measuring
equipment and offers measuring services for global markets. Minol
Messtechnik W. Lehmann GmbH & Co. KG is a world-leading provider of
meter reading services for the housing sector. Headquartered in
Leinfelden-Echterdingen, Germany, Minol maintains a nationwide presence
through 20 branches. In addition to meter reading and energy cost
billing, Minol offers a range of services to assist property owners in
lowering their operating costs and ensuring compliance with statutory
obligations such as legionella sampling of domestic water and the
installation and maintenance of smoke detectors. ZENNER International
GmbH & Co. KG produces and markets measuring equipment for global
markets. Between them, Minol and ZENNER have a combined workforce of
more than 2,500 and maintain a local presence through subsidiaries and
sales partners in more than 40 countries. For more information please
visit minol.de and zenner.de

About Gemtek Corporation

Gemtek is a world-leading provider of wireless broadband solutions from
residential to business. Established in 1991 and headquartered in
Taiwan. Gemtek was one of the earliest companies to provide WLAN
products and remains a pioneer and leader in the telecoms market based
on its expertise in such areas as RF/microwave design, LTW, wireless
networks, broadband and IP telephony. In addition, the company was
instrumental in the development of the LPWAN network and is an early
provider of LPWAN IoT solutions. For more information visit www.gemteks.com.